UBS downgraded shares of U.S. Bancorp (NYSE:USB) from a buy rating to a neutral rating in a research report report published on Tuesday morning, 99wallstreet.com reports. The brokerage currently has $60.00 target price on the financial services provider’s stock, up from their previous target price of $58.00.

Several other research analysts have also issued reports on USB. Morgan Stanley increased their target price on U.S. Bancorp from $51.00 to $55.00 and gave the stock an underweight rating in a research report on Thursday, October 19th. Oppenheimer reissued a hold rating on shares of U.S. Bancorp in a research report on Thursday, October 19th. Nomura lowered U.S. Bancorp from a buy rating to a neutral rating and reduced their price objective for the company from $57.00 to $55.00 in a research report on Thursday, September 28th. Zacks Investment Research lowered U.S. Bancorp from a hold rating to a sell rating in a research report on Tuesday, October 17th. Finally, Robert W. Baird reaffirmed a hold rating and set a $48.00 price objective on shares of U.S. Bancorp in a research report on Tuesday, September 5th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company’s stock. U.S. Bancorp has a consensus rating of Hold and a consensus target price of $54.56.

U.S. Bancorp (NYSE USB) opened at $54.50 on Tuesday. U.S. Bancorp has a 52-week low of $49.53 and a 52-week high of $56.61. The stock has a market capitalization of $90,440.00, a P/E ratio of 16.20, a PEG ratio of 2.13 and a beta of 0.85. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.83 and a quick ratio of 0.82.

U.S. Bancorp (NYSE:USB) last announced its earnings results on Wednesday, October 18th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.88. U.S. Bancorp had a return on equity of 13.91% and a net margin of 25.46%. The firm had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.60 billion. During the same quarter in the prior year, the company earned $0.84 EPS. The business’s revenue was up 4.1% compared to the same quarter last year. research analysts expect that U.S. Bancorp will post 3.43 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the business. Stelac Advisory Services LLC purchased a new position in shares of U.S. Bancorp in the 2nd quarter worth $103,000. Phocas Financial Corp. purchased a new position in shares of U.S. Bancorp in the 2nd quarter worth $109,000. Horan Capital Advisors LLC. purchased a new position in shares of U.S. Bancorp in the 3rd quarter worth $112,000. Pathstone Family Office LLC boosted its stake in shares of U.S. Bancorp by 13.2% in the 2nd quarter. Pathstone Family Office LLC now owns 3,317 shares of the financial services provider’s stock worth $172,000 after buying an additional 386 shares during the last quarter. Finally, San Francisco Sentry Investment Group CA boosted its stake in shares of U.S. Bancorp by 1,211.9% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 3,306 shares of the financial services provider’s stock worth $177,000 after buying an additional 3,054 shares during the last quarter. Institutional investors and hedge funds own 74.07% of the company’s stock.

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U.S. Bancorp Company Profile

U.S. Bancorp is a multi-state financial services holding company. The Company provides a full range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machine (ATM) processing, mortgage banking, insurance, brokerage and leasing.

Analyst Recommendations for U.S. Bancorp (NYSE:USB)

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